Lucy Scientific Correlations
| LSDIDelisted Stock | 0.02 0.00 0.00% |
The current 90-days correlation between Lucy Scientific Discovery and Shuttle Pharmaceuticals is -0.1 (i.e., Good diversification). The correlation of Lucy Scientific is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Lucy Scientific Correlation With Market
Weak diversification
The correlation between Lucy Scientific Discovery and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lucy Scientific Discovery and DJI in the same portfolio, assuming nothing else is changed.
Lucy |
Moving together with Lucy Stock
| 0.68 | VFSWW | VinFast Auto | PairCorr |
| 0.79 | EC | Ecopetrol SA ADR | PairCorr |
| 0.72 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.75 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.64 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Lucy Stock
| 0.9 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.88 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.83 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.76 | HPQ | HP Inc | PairCorr |
| 0.76 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.71 | WMT | Walmart Aggressive Push | PairCorr |
| 0.69 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.66 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.63 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.59 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.58 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.56 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.48 | KB | KB Financial Group | PairCorr |
| 0.45 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.42 | VFS | VinFast Auto Earnings Call Today | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Lucy Stock performing well and Lucy Scientific Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Lucy Scientific's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SHPH | 5.48 | (1.14) | 0.00 | 3.91 | 0.00 | 10.08 | 50.96 | |||
| LFCR | 4.10 | 0.35 | 0.05 | 0.37 | 6.50 | 9.76 | 30.90 | |||
| DERM | 3.17 | 0.17 | 0.05 | 0.24 | 3.87 | 7.30 | 22.80 | |||
| AKAN | 3.44 | (0.99) | 0.00 | (0.49) | 0.00 | 5.41 | 22.55 | |||
| MNK | 16.59 | 2.91 | 0.10 | (0.14) | 13.99 | 12.50 | 504.19 | |||
| ALIM | 2.74 | 1.42 | 0.64 | (1.05) | 0.37 | 3.28 | 82.36 | |||
| ADMP | 4.75 | (1.69) | 0.00 | 2.37 | 0.00 | 8.72 | 40.76 | |||
| ORGO | 3.08 | 0.29 | 0.13 | 0.24 | 3.29 | 7.55 | 37.89 | |||
| CTLT | 0.44 | (0.01) | (0.18) | 0.09 | 0.34 | 1.12 | 3.36 | |||
| TLRY | 2.31 | (0.38) | 0.00 | 1.22 | 0.00 | 5.00 | 21.22 |
Lucy Scientific Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Lucy Scientific stock to make a market-neutral strategy. Peer analysis of Lucy Scientific could also be used in its relative valuation, which is a method of valuing Lucy Scientific by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Lucy Scientific Discovery?
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